- Triumph Group Inc TGI has secured a two-year wheel and brake maintenance and repair contract from Taiwan-based STARLUX Airlines for their A350 XWB fleet. Financial terms were not disclosed.
- Triumph plans to perform the work at its location in Chonburi, Thailand.
- The parties have collaborated on previous awards on the A321neo and A330neo fleets.
- STARLUX operates A321neo, A330neo and A350 XWB aircraft fleets. In Q4 2022, it will begin accepting delivery of A350 XWB aircraft to expand its network to North America in 2023.
- Price Action: TGI shares are trading higher by 1.94% at $13.13 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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